A1GP race series assets for sale

ERJ staff report (TB)

London -- The liquidator for A1 Grand Prix Operations Ltd. is selling the racing series' assets, including 34 race cars, spare engines and other parts.

A1GP was founded in 2004 as a single manufacturer, open-wheel formula racing series ratified by the Federation Internationale de l'Automobile. The series' promoters pitched it as a type of “World Cup of Motorsport,” pitting national teams against one another.

The series ran for four seasons before creditors forced it to cease operations shortly before the start of the 2009-10 season.

According to the liquidator, GoIndustry DoveBid, the assets for sale include: 20 Ferrari-designed and powered racers, built in 2008; 14 Lola B05/02 chassis, built in 2005 for the 2005-06 and 2006-07 seasons; spare engines and engine and chassis parts; Maserati Quattroporte Sport GT Semi-Auto 4 Door and Ferrari 599GTB Semi-Auto Coupe safety and medical cars; wheels, tyres, support and transport racks; etc.

GoIndustry DoveBid was appointed to market the series' assets of A1 Holdings Ltd. on behalf of creditors in an effort to keep the popular race series alive.

“Offers are…being invited for the whole asset package, including the intellectual property rights to the A1 GP series logos and brands,” GoIndustry DoveBid said. Bidding is open through April 30.

Michelin Motorsport supplied the series with tyres for the 2008-09 season and had an agreement for the 2009-10 and 2010-11 seasons. Before that Findlay, Ohio-based Cooper Tire & Rubber Co. supplied the series' race tyres for its first three seasons.

From Tire Business (A Crain publication)

Website of auction